Hi Everyone,
New to this forum. I would like to congratulate such an awesome platform to discuss and share ideas and queries. Great work!
I've read a few threads and found that members here are quite prompt in their replies. This has motivated me to post my query here.
My query is basically related to attendance calculation cut off date with respect to new joiners only.
In the current scenario, the attendance cut off date for the purpose of salary disbursement in the case of new joinings is the 24th of every month. This actually means that anyone who joins on or after the 25th gets paid for the remaining days of that particular month with the subsequent month's salary. For example, if anyone joins on or after the 25th of Aug '14, they will be paid for the remaining 6 days of Aug with September's salary, i.e., they will be paid for 30+6 = 37 days at the end of Sept '14. In order to ensure that no one loses their pay, I make sure we don't make anyone join on or after the 25th until the 30th/31st of that month.
Proposal: Some of my peers think that it would be better if we keep the 20th as the attendance cut off date for new joiners - which means that anyone who joins on or after the 21st gets paid for the remaining days of that particular month with the subsequent month's salary. For example, if anyone joins on or after the 21st of Aug '14, they will be paid for the remaining 10 days of Aug with September's salary, i.e., will be paid for 30+10 = 40 days at the end of Sept '14. I have also been told that since our bank takes 7 days to activate new salary accounts, it would be beneficial to keep the 20th as the cut-off date. Our MD, who is based outside India, is the only person who has the authority to sign cheques, which means we can't pay through cheques at all. (Note: we have just started with salary accounts and are planning to call bank reps once a month for new joiners and we disburse salaries by the latest by the 1st of every month.)
I think it would not be right to change the cut-off date from the 24th to the 20th because of the following reasons:
1. Like everyone, we (HR) push candidates to join as soon as possible, which means they can join anytime, even after the 21st, and telling them that "we are happy that you have joined early but we will pay your 10 days' salary after 40 days" would be weird!
2. When people resign to join another company, their salaries are generally put on hold by their companies and are released after 30 to 45 days in the form of F&F. If their new company will also pay them after 40 days (considering the scenario above), they will be left with absolutely no earnings for more than 1 month. This, to me, does not look employee-friendly and makes no sense.
3. If the bank takes 6-7 days to activate a new joiner's account from the 25th, it is important to note that it is the maximum limit, which means the account will be activated by the 30th/31st. Hence, the salary can be paid by the 1st or the latest by the 2nd of the subsequent month in the case of new joiners.
Having said this, I want to know the pros and cons of the proposal made by my colleagues so I can make an informed decision and advise my peers accordingly.
It's kind of urgent, so I request you all to share your opinion on this.
Look forward to your replies.
Thanks,
Rati
From India, Delhi
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New to this forum. I would like to congratulate such an awesome platform to discuss and share ideas and queries. Great work!
I've read a few threads and found that members here are quite prompt in their replies. This has motivated me to post my query here.
My query is basically related to attendance calculation cut off date with respect to new joiners only.
In the current scenario, the attendance cut off date for the purpose of salary disbursement in the case of new joinings is the 24th of every month. This actually means that anyone who joins on or after the 25th gets paid for the remaining days of that particular month with the subsequent month's salary. For example, if anyone joins on or after the 25th of Aug '14, they will be paid for the remaining 6 days of Aug with September's salary, i.e., they will be paid for 30+6 = 37 days at the end of Sept '14. In order to ensure that no one loses their pay, I make sure we don't make anyone join on or after the 25th until the 30th/31st of that month.
Proposal: Some of my peers think that it would be better if we keep the 20th as the attendance cut off date for new joiners - which means that anyone who joins on or after the 21st gets paid for the remaining days of that particular month with the subsequent month's salary. For example, if anyone joins on or after the 21st of Aug '14, they will be paid for the remaining 10 days of Aug with September's salary, i.e., will be paid for 30+10 = 40 days at the end of Sept '14. I have also been told that since our bank takes 7 days to activate new salary accounts, it would be beneficial to keep the 20th as the cut-off date. Our MD, who is based outside India, is the only person who has the authority to sign cheques, which means we can't pay through cheques at all. (Note: we have just started with salary accounts and are planning to call bank reps once a month for new joiners and we disburse salaries by the latest by the 1st of every month.)
I think it would not be right to change the cut-off date from the 24th to the 20th because of the following reasons:
1. Like everyone, we (HR) push candidates to join as soon as possible, which means they can join anytime, even after the 21st, and telling them that "we are happy that you have joined early but we will pay your 10 days' salary after 40 days" would be weird!
2. When people resign to join another company, their salaries are generally put on hold by their companies and are released after 30 to 45 days in the form of F&F. If their new company will also pay them after 40 days (considering the scenario above), they will be left with absolutely no earnings for more than 1 month. This, to me, does not look employee-friendly and makes no sense.
3. If the bank takes 6-7 days to activate a new joiner's account from the 25th, it is important to note that it is the maximum limit, which means the account will be activated by the 30th/31st. Hence, the salary can be paid by the 1st or the latest by the 2nd of the subsequent month in the case of new joiners.
Having said this, I want to know the pros and cons of the proposal made by my colleagues so I can make an informed decision and advise my peers accordingly.
It's kind of urgent, so I request you all to share your opinion on this.
Look forward to your replies.
Thanks,
Rati
From India, Delhi
Acknowledge(0)Amend(0)
Minimum wage of Haryana w.e.f. 01/07/2014. This is the regular minimum wage increased every six months. The other notification of minimum wage of Haryana w.e.f. from 01/11/2014 is also uploaded.
Manoj Kumar Rana
Chandigarh
+919876601512
From India, Chandigarh
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3Manoj Kumar Rana
Chandigarh
+919876601512
From India, Chandigarh
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Hello, Mr. Anonymous,
You and your peers are both correct in your points, and it is really commendable that you have an empathetic view towards new entries.
The question is, will changing the cut-off date actually solve any problems?
I don't think so. I have observed a common practice of setting any date after the 20th as the cut-off date for calculating salaries, which has a significant drawback of delayed salary receipts by up to 10 days. Whether you set the cut-off date at the 20th or the 25th, it may not make much difference.
Regarding your colleague's point that bank accounts are usually opened within 7 days, it is not a valid argument. Since your company pays salaries after 35-40 days, the timing of the account opening, whether in 7 days or 5 days, does not create any significant issue. You currently have ample time for this process.
I do not see any other compelling reasons for changing the date based on your query. If there are any, please share them.
However, in my view, it is advisable to set the cut-off date as the last day of the salary period and allow a buffer time of 5-7 days for salary calculations and disbursements.
This approach has its own benefits:
1. Avoids prolonged delays in salary payments (enhances employer and employee satisfaction).
2. Ensures accurate salary calculations for all employees due to sufficient time for processing.
3. Eliminates issues if someone joins in the last days of the month.
From India, Gwalior
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You and your peers are both correct in your points, and it is really commendable that you have an empathetic view towards new entries.
The question is, will changing the cut-off date actually solve any problems?
I don't think so. I have observed a common practice of setting any date after the 20th as the cut-off date for calculating salaries, which has a significant drawback of delayed salary receipts by up to 10 days. Whether you set the cut-off date at the 20th or the 25th, it may not make much difference.
Regarding your colleague's point that bank accounts are usually opened within 7 days, it is not a valid argument. Since your company pays salaries after 35-40 days, the timing of the account opening, whether in 7 days or 5 days, does not create any significant issue. You currently have ample time for this process.
I do not see any other compelling reasons for changing the date based on your query. If there are any, please share them.
However, in my view, it is advisable to set the cut-off date as the last day of the salary period and allow a buffer time of 5-7 days for salary calculations and disbursements.
This approach has its own benefits:
1. Avoids prolonged delays in salary payments (enhances employer and employee satisfaction).
2. Ensures accurate salary calculations for all employees due to sufficient time for processing.
3. Eliminates issues if someone joins in the last days of the month.
From India, Gwalior
Acknowledge(0)Amend(0)CiteHR.AI
(Fact Check Failed/Partial)-The user's reply contains inaccurate information regarding the calculation of salaries for new joiners. The proposed change in the attendance cut-off date from 24th to 20th may have significant implications on salary payments and employee satisfaction. It is essential to consider the timeliness of salary disbursement and the impact on employees' financial well-being. Amendment: True
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if anyone can help me on soft copy of "Compilation of Haryana public works department - Schedule of Rates H.S.R. book with new premia, ït will be a great help. Thanks Annu 9654194374
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Acknowledge(0)Amend(0)CiteHR.AI
(Fact Check Failed/Partial)-The user reply is not relevant to the original post discussing attendance cut-off dates for new joiners in salary disbursement.
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Order No. 1-2018 Extension of date for submitting the statement in FORM GST TRAN-2.pdf
Attendance sheet.xls
TRAINING ATTENDANCE CARD.doc
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(Fact Check Failed/Partial)-The user reply is not relevant to the original post discussing attendance cut-off dates and salary disbursement.